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Grace Turner

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Auto Supplier Cooper Standard in Novi Acquires Lauren Manufacturing and Plastics

In a bid to expand its industrial and specialty group, Cooper Standard, a large auto supplier in Novi, today announced an agreement to acquire Lauren Manufacturing and Lauren Plastics, subject to regulatory approvals and related parties' consent.

Michigan Gov. Rick Snyder Signs Legislation to Coordinate State’s Infrastructure and Utilities

Michigan Governor Rick Snyder signed legislation on Monday to implement a coordinated effort to better manage the state’s drinking water, wastewater, storm water, transportation, and private utilities.

U.S. Army Corps of Engineers Finds 2.42 Soo Locks Benefit Cost Ratio

The U.S. Army Corps of Engineers Monday announced Sault Ste. Marie’s Soo Locks’ new Benefit Cost Ratio is 2.42, according to its recently completed New Soo Lock Economic Validation Study.

Charlotte’s Eaton Federal Savings Bank Acquires Stockbridge Bancorporation Inc.

Eaton Federal Savings Bank in Charlotte, Mich. Monday announced it has completed the acquisition of Stockbridge Bancorporation Inc., the holding company for SSBBank in Stockbridge, Mich. Terms of the transaction were not disclosed.

New 374-unit Residential Development Planned for Detroit’s Lafayette Park

Ginosko Development Co. in Novi today announced Lafayette West, a $108-million residential development project slated to bring 374 new residential units to the Lafayette Park neighborhood east of downtown Detroit. The units include for-rent and for-sale lofts, townhouses, flats, and high-rise units. At least 20 percent will be set aside as affordable.

Varroc Lighting Systems in Plymouth Township Expands to Turkey, Adds Facility in Vietnam

Varroc Lighting Systems, a global supplier of exterior vehicle lighting systems based in Plymouth Township, today announced the acquisition of Sa-ba Automotive, a privately-owned company in Istanbul, Turkey. Terms of the transaction were not disclosed.

Shinola in Detroit Introduces Limited-edition Statue of Liberty Watch, Launches Pro-immigration Campaign

Detroit’s Shinola today announced the launch of the Statue of Liberty timepiece collection, made in partnership with The Statue of Liberty-Ellis Island Foundation Inc.

Great Lakes Water Authority Approves 1-Percent Budget Increase

The Great Lakes Water Authority has approved a 1-percent increase in drinking water and sewer budget for the 2019 fiscal year. The increase is consistent with the authority’s commitment of a 4-percent maximum price hike on an annual basis.

Detroit’s North Coast Partners Launches Detroit Opportunity Fund

North Coast Partners, a Detroit real estate investment company, Thursday announced the launch of the Detroit Opportunity Fund, which will invest in newly designated opportunity zones in the Detroit Area. The fund is beginning with a $500-million pipeline of new deals in the city.

Detroit Native Develops, Introduces Fitness Product

Derek Mikulski, a fitness professional, entrepreneur, and Detroit native, Wednesday unveiled a new fitness tool to develop better balance, core strength, and coordination.

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